CampusMBA, the award-winning education division of the Mortgage Bankers Association (MBA), announced that six commercial mortgage banking professionals were awarded the Certified Mortgage Banker (CMB) designation, the highest professional designation for the real estate finance industry, at MBA's 20th Annual Commercial Real Estate Finance (CREF)/Multifamily Housing Convention & Expo in Las Vegas. The CMBs who received their designations this year will join the group of more than 1,000 industry professionals who have proven their commitment to excellence within the mortgage banking industry.
"The Commercial CMB demonstrates the highest level of expertise, experience and dedication within the commercial real estate finance field," said Paul Green, MBA's senior vice president of corporate relations, education and business development. "As the commercial mortgage industry continues to change, it is important that professionals set the bar of excellence for themselves and the industry by working toward the CMB and taking advantage of the other commercial designations CampusMBA has to offer."
CMB candidates must amass 150 points earned through a combination of professional experience, secondary education, continuing education through MBA-sponsored events and CampusMBA courses, as well as participation in MBA at the local, state and/or national level. After accumulating the required points and passing a comprehensive written exam, candidates must demonstrate industry knowledge by passing an oral exam conducted by a panel of CMBs.
Last year, MBA launched its new Executive Certified Mortgage Banker program. Designed for busy professionals, this program allows candidates to substitute their real-world knowledge and experience for many of the educational requirements of the CMB program. Every candidate for an Executive CMB is required to have a minimum of 13 years of experience in real estate finance and hold a senior management position at an MBA member company. Following acceptance into the program, candidates complete a comprehensive six week online prep course guided by existing CMBs. Following completion of the course, candidates must pass a comprehensive written and oral exam.
CMB candidates have the option of choosing among the Commercial CMB, Residential CMB or Master CMB designations. The Master CMB is a combination of both commercial and residential mortgage banking disciplines, while the Residential CMB and Commercial CMB focus on their respective subfields of the mortgage industry. In order to be eligible for the CMB designation, candidates must either work for an MBA member company or be a member of a recognized state MBA. Every candidate for an Executive CMB is required to have a minimum of 13 years of experience in real estate finance and hold a senior management position at an MBA member company.
The following is the list of designees who were honored at MBA's Commercial Real Estate Finance (CREF)/Multifamily Housing Convention & Expo.
Commercial CMB Designees:
► Chase Belew, CMB, president, AMS Real Estate Services, Austin, Texas
► Shelley Stuart Carvel, CMB, vice president, Unum, Portland, Maine
► James R. Logan, CMB, senior vice president, Assurant Inc., New York, N.Y.
► Terry Taylor, CMB, managing director, Red Mortgage Capital Inc., Columbus, Ohio
► Michael Ting, CMB, director, Arbor Commercial Mortgage LLC, New York, N.Y.
► John M. Waldeck, CMB, vice president-underwriting and construction, Pacific Life Insurance Company, Newport Beach, Calif.
For more information, visit www.campusmba.org.